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Each day the major stock markets have a group of leading gainers in price (stocks that go up the most). On one day the standard deviation in the percent change for a sample of 10 NASDAQ leading gainers was 15.8. On the same day, the standard deviation in the percent change for a sample of 10 NYSE leading gainers was 7.9 (USA Today, September 14, 2000). Conduct a test for equal population variances to see whether it can be concluded that there is a difference in the volatility of the leading gainers on the two exchanges. Use alpha = 0.10. What is your conclusion?
Suppose that the National Labor Relations Board (NLRB) wishes to estimate the average hourly wage rate for a certain classification of skilled workers. It wishes to be 95% certain to get an estimate of sample mean within 0.05 of the truth.
Suppose a worker needs to process 400 items. The time to process each item is exponentially distributed with a mean of 2 minutes, and the processing times are independent.
Show that it satisfies the required condition for being a probability distribution.
The manager fo the Petroco Service Station wants to forecast the demand for unleaded gasoline next month so that the proper number of gallons can be ordered from the distributor. Compute the two forecast by using MAPD and indicate which seems to be..
Regression and Correlation are two of the most often used and abused tools in research. People are quick to jump to conclusions that if a relationship exists between two variables, then one must cause (causation) the other.
The production line that packages boxes of raisins at a snack food manufacturer will be conisdered operating properly if the average weight of the boxes of raisin is 3.5 ounces with a standard deviation of 0.3 ounces.
Test the null hypothesis that the telephone survey technique has a probability of selecting a household with no children that is equal to the value obtained by the census.
The flashlight batteries produced by one of the northern manufacturers are known to have an average life of 60 hours with a standard deviation of 4 hours. Use Chebyshev's theorem to answer the following questions.
For the following situation, assume the random variable is normally distributed and use a normal distribution or a t-distribution to construct a 90% confidence interval for the population mean. If convenient, use technology to construct the confid..
Form the column of differences and find the mean and standard deviation of this column of numbers.
The population mean of a company's racing bicycles is 9.07 kg (20.0 lb) with a population standard deviation of 0.40 kg. If the distribution is approximately normal
You obtain the data shown below for 30 girls with anorexia who were treated with psychodynamic therapy. Using the data below and the data above compare the outcomes for CBT and psychodynamic therapy.
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